Lava Network
Founded 2022 · 22 employees on LinkedIn · 23 known investors
Lava Network provides decentralized RPC access for interacting with blockchains, handling requests such as trading, swapping, deploying, and staking across multiple chains. It serves web3 users and node operators, and reports handling over 160 billion requests across 28+ chains for 1M+ weekly users.
Also known as Lava · Lava Foundation · Magma Devs
Founders & leadership
Lava Network was founded in 2022 by Yair and Gil.
Investors · 23
Also in the syndicate · 6
Funding
SEC filings, press & company announcements$15M disclosed across 1 of 4 rounds · 2024–2025
- $15MSeedFeb 2024 · 3 sources
Hashkey Capital (lead), Jump Capital (lead), Tribe Capital (lead), Alliance, Dispersion Capital, Finality, Node, North Island, Quiet
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Lava Network is a blockchain infrastructure protocol that provides remote procedure call (RPC) and indexing access to blockchain data. Rather than serving requests from a single provider's servers, Lava operates as a decentralized protocol with an open ecosystem of independent node providers: each incoming request is scored and routed in real time to the node judged most reliable, with automatic failover across providers and chains. The company describes the design as removing the single point of failure typical of centralized RPC endpoints, and states that provider performance is benchmarked and auditable. A single integration and contract covers mainnets, testnets, and archive, debug and trace access across 28+ (marketed as 30+) networks.
Structurally, Lava is described as a permissionless three-sided marketplace for blockchain data: consumers retrieve data, RPC node providers join the network to serve data in exchange for rewards, and "Champions" add modules that extend the network to additional chains and APIs. The LAVA token orchestrates traffic between data providers and incentivizes service quality by rewarding high-performing nodes. Magma Devs is a key contributing entity, founded by Yair Cleper and Gil Binder, while the Lava Foundation is a non-profit formed for development of the network and was the sole entity responsible for token sales and roadmap decisions until the DAO went live at mainnet.
Beyond RPC and indexing, the stated longer-term aim is to apply the same modular approach to oracles, sequencing and other data infrastructure. The company also runs Tokenization Sandboxes, in which specialist teams develop tokenization frameworks for large-scale real estate and energy projects, and publishes audit and MiCA-related materials.
Founding story
Magma Devs, a key contributor to Lava Network, was founded by Yair Cleper and Gil Binder; Cleper is described as founder and core contributor of Lava and CEO of Magma Devs. Cleper has framed the company's aim as giving developers flexibility to build on performant, scalable infrastructure rather than depending on infrastructure providers that choose which chains to serve.
Business model
Lava sells subscription access to its RPC gateway: customers choose the networks they need, generate an API key, and use a single endpoint, with tiers ranging from Hobby to Enterprise. Archive, debug and trace access is available from the first paid tier. On the supply side, independent node providers stake and serve requests in exchange for rewards denominated in the network's LAVA token.
Subscription plans for RPC access with transparent, usage-based pricing that scales with request volume across tiers from Hobby to Enterprise.
Traction
The company reports 114B+ requests served, 1M+ weekly users, 28+ chains supported, 20+ independent providers with automatic failover, and 99.99% access uptime. Earlier reporting cited over 20 billion RPC requests served as of mid-2024 and, in January 2025, more than 100 billion transaction requests handled daily for more than one million users and thousands of decentralized applications across 40+ chains. The Incentivized Public RPC program had signed partnerships with NEAR, Evmos, Axelar, Starknet, Koii and Agoric, and contracts with Filecoin, Starknet and Cosmos Hub were reported.
Latest developments
In June 2026 Lava and Electric Blue announced a tokenisation sandbox for battery storage assets under the MiCA framework. The website reports $5.4B of development in the Sandbox and a €500M tokenized energy financing target, and lists Fireblocks as a design partner since 2025 and GK8 by Galaxy as a user. Newsroom posts from August 2026 discuss the relationship between RPC usage and LAVA token demand.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positioned as a decentralized alternative to single-vendor RPC infrastructure providers, aggregating multiple independent providers instead of operating one company's node fleet. Investors in its rounds included early seed backers of incumbent infrastructure providers Alchemy, Blockdaemon, ConsenSys (Infura) and QuickNode.
An open network of independent providers rather than one company's servers, real-time per-request scoring and routing with automatic failover, auditable and benchmarked provider performance, and a single integration and contract covering 28+ networks including archive, debug and trace endpoints.
Technology
A decentralized RPC protocol in which requests are scored live and routed to the highest-performing node, with automatic failover across providers and chains. Provider quality-of-service scores, stake, relay counts and compute units are published through a public network explorer. The protocol is modular, allowing new chains and APIs to be added as modules, and covers mainnets, testnets and archive, debug and trace methods behind one endpoint. The LAVA token is used to orchestrate traffic and reward high-performing providers.
Go-to-market
Self-service signup for RPC subscriptions via the website gateway alongside enterprise sales to institutional customers; on the supply side, an Incentivized Public RPC program launched in October 2023 works directly with chain ecosystems, and node providers joining Lava have received token incentives from chains including NEAR, EVMOS and AXL. Case studies across tokenization, payment rails, custody, wallets and security are used to market to specific verticals, and Tokenization Sandboxes serve as an on-ramp for real-world-asset teams.
Web3 developers and applications, node providers, and companies needing multi-chain blockchain data, including tokenization platforms, stablecoin issuers and payment/payout networks, institutional custody providers, wallet providers, and onchain security monitoring platforms. Named users and partners include Bitbond, AEREDIUM, Meta Pool, Fireblocks (design partner since 2025), GK8 by Galaxy, and Hypernative.
Geography
Founded and led by Israeli founders; corporate materials reference the Lava Foundation as the non-profit behind network development. Customer-facing work spans multi-chain and cross-border use cases, including a European tokenization sandbox under the MiCA framework with a €500M tokenized energy financing target.
History
Lava had been in development for nearly three years as of January 2025. Its Incentivized Public RPC program launched in October 2023. A $15 million seed round for the network was announced in February 2024, led by Jump Capital, Hashkey Capital and Tribe Capital, with mainnet launch targeted for the first half of 2024 alongside the LAVA token and an airdrop. In May 2024 the newly formed Lava Foundation raised $11 million in a token round via a simple agreement for future tokens. In January 2025 the company announced a $12 million raise and the listing of the LAVA token on exchanges including Bybit. By 2026 the website emphasized enterprise RPC subscriptions and tokenization sandboxes.
Risks & controversies
Operational reliability is central to the value proposition for regulated and institutional customers, where the company itself notes that a missed block or stale response can become a compliance problem for tokenization platforms and an operational risk for custodians. The network depends on third-party independent providers it does not own, and on demand for the LAVA token to incentivize them.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsLava Network announced completion of a $12 million fundraising round including iAngels, Animoca Brands, Gate.io Ventures, CoinGecko Ventures and Polygon co-founder Sandeep Nailwal, to expand infrastructure spanning more than 40 blockchain networks.
$12M source ↗
The company revealed plans to launch its LAVA token on major cryptocurrency exchanges, including Bybit.
Fireblocks has worked with Lava as a design partner since 2025, per the company's website.
The newly formed non-profit Lava Foundation raised an additional $11 million in a token round realized via a simple agreement for future tokens (SAFT). Investors included Animoca Brands, Gate.io Ventures, CoinGecko Ventures, Polygon co-founder Sandeep Nailwal, Ash Crypto, CryptoLark, and media outlets Crypto Times Japan, Le Journal Du Coin and The Rollup.
$11M source ↗
Program working directly with chain ecosystems; by February 2024 it had signed partnerships with NEAR, Evmos, Axelar, Starknet, Koii and Agoric.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Lava Networklavanet.xyz · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Lava Network do?
- Lava Network operates a decentralized RPC protocol routing blockchain data requests across independent node providers.
- Who founded Lava Network?
- Lava Network was founded by Yair, Gil in 2022.
- Who are Lava Network's investors?
- Lava Network's investors include Alliance DAO (ex DeFi Alliance), AlphaLab Capital, Black Dragon, BreakOrbit, Caladan, Divergence, NIV, Node Capital and 9 more.
- How much funding has Lava Network raised?
- Lava Network has disclosed $15M raised across 1 of its 4 known rounds.


